Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds extend gains in April led by credit, distressed and energy strategies

Monday, May 09, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds extended March gains into April, led by strong contributions from credit sensitive and event-focused strategies, as energy commodities surged and emerging markets continued its recovery, said data provider Hedge Fund Research.

In its monthly report, HFR said that the HFRI Fund Weighted Composite Index gained +1.0% in April (Index Value 12,322), fully recovering from the first quarter decline and lifting 2016 performance to +0.3%. The HFRI Asset Weighted Composite Index added +0.2 percent for the month.

"Hedge funds extended performance gains in April, but with leadership from different sectors and strategies, as performance was driven by a recovery in credit-sensitive Distressed and Energy exposures, with these complemented by gains in Credit Multi-Strategy, Emerging Markets and Technology," stated Kenneth J. Heinz, president of HFR.

The HFRI Relative Value Index gained +2.1% in April, the strongest month since September 2009, bringing YTD 2016 performance to +1.5% and leading all main hedge fund strategies.

Contributions from credit multi-strategies, high-yield corporate and yield alternative exposures led April performance, as the HFRI Credit Index gained +1.6%, matching similar return from the prior month, while the HFRI RV: FI-Corporate Index added +2.0 percent. The HFRI RV: Convertible Arbitrage Index advanced +1.6% in April, while the HFRI RV: Yield Alternative Index gained +6.9%, as energy infrastructur......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1